How does the "120-day no contest rule" come into play when Trustee refuses to give me copies of the Trust financial statements?
Chris's answer
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Answered on August 10, 2023
It doesn't appear the 120 statute of limitations is relevant to your issue. The 120 statute of limitations only cuts off your ability to contest...
Can an Executor of a Trust decide how much a beneficiary receives at once?
Chris's answer
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Answered on July 20, 2023
It depends on the language of the Trust. If the trust just says the person is a beneficiary and doesn't have specific provisions that requires or...
What do you have to do to create a ca living trust if there are 3 people listed as homeowners? mom, dad,and son.
Chris's answer
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Answered on July 07, 2023
Your parents can create a trust at anytime and they can contribute their portion of the home to the trust, but since your brother, based on your...
A trust beneficiary who doesn't know how trusts work, has to rely on what is said to them by the sucessor trustee...
Chris's answer
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Answered on July 07, 2023
Generally it is proper for the trustee to use trust funds to pay for trust expenses, which includes, but is not limited to, expenses associated...
If a beneficiary does not agree with accounting and final distribution?
Chris's answer
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Answered on July 07, 2023
The trustee could distribute without a beneficiary waiver, but would be advised not to do so. One advantage of being a trustee is that if there is...
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What's the difference between a trust financial ledger and a trust general ledger?
Chris's answer
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Answered on October 06, 2022
The beneficiary is using incorrect terminology. Those terms apply to business entities, but not to trusts. What the beneficiary is really...
Is a trustee liable for not raising the rents to fair market value on trust rental properties during the Covid-19 pandemic?
Chris's answer
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Answered on June 29, 2022
You might be technically liable.
One thing you said was that you became the trustee in 2018, whereas Covid didn't have any impact in the United...
As my deceased moms successor trustee, what do I have to file with the recorders office to sell her house.
Chris's answer
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Answered on June 29, 2022
Assuming the deed to the home is titled in the name of your mother as trustee of the trust, you'll need to record an Affidavit of Death of Trustee....
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Conservator was put over my moms accounts. mom passed away,accounting done.The estate is to be split 3 ways. I am due 1/3. .
Chris's answer
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Answered on August 05, 2014
Bad news. You are in for a very long wait, probably around 1 year.
The conservator is not permitted to simply take the conservatorship funds...
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If we have lived together in the home that he has inherited, am I entitled to any?
Chris's answer
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Answered on August 05, 2014
The short answer is no, however, there are possible exceptions. For example, if debt is paid off on an asset he inherited the community, to which...
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